QIC QPod

And another one bites the dust. With the release of our GDP figures this week, our almost three-decade growth track record has been wiped as we recorded the deepest annual contraction since World War II – and the greatest quarterly fall in our economic history. Take Ten and listen to Dr Matthew Peter and Craig Balenzuela as they dissect the latest data – and signal that the times ahead aren’t all dark.

Disclaimer:

This information is solely for general information purposes. It is not financial product advice or an offer to sell or solicitation of an offer to buy securities or any other investment, investment management or advisory services. In preparing this information, QIC has not taken into account any investor’s objectives, financial situations or needs. QIC does not represent, warrant or guarantee that the integrity of this information has been maintained or that the information is free of errors, virus or interference. You are not permitted to rely on this information, and any reliance on it, or decisions made based on it, are your responsibility. QIC therefore accepts no liability for any reliance on this information.

Copyright QIC Limited, Australia. All rights are reserved. For more information about QIC, our approach, clients and regulatory framework, please refer to our website www.qic.com or contact us directly.

Are we seeing one of the worst surges in unemployment ever recorded in Australia? This week the ABS has noted the largest monthly increase in unemployment in almost 30 years, from 6.2% in April to 7.1% in May.

Listen to this week’s episode where our Chief Economist, Dr Matthew Peter, dissects what this all means, as the forecasts for unemployment varied between economists, and how the signs for recovery are looking promising as recent weeks employment has been gradually climbing. Can we expect a flip from net monthly job losses in May to monthly job growth in June?

We also hear Dr Peter speak to:

- Whether the RBA should be taking other central banks policies seriously

- What investors should be thinking about for the week ahead

Disclaimer:

This information is solely for general information purposes. It is not financial product advice or an offer to sell or solicitation of an offer to buy securities or any other investment, investment management or advisory services. In preparing this information, QIC has not taken into account any investor’s objectives, financial situations or needs. QIC does not represent, warrant or guarantee that the integrity of this information has been maintained or that the information is free of errors, virus or interference. You are not permitted to rely on this information, and any reliance on it, or decisions made based on it, are your responsibility. QIC therefore accepts no liability for any reliance on this information.

Copyright QIC Limited, Australia. All rights are reserved. For more information about QIC, our approach, clients and regulatory framework, please refer to our website www.qic.com or contact us directly.

Did the Fed just pop the equity bubble? After a week of buoyant sentiment as economies reopen, equity markets crashed and bond yields retreated as the Fed delivered a sombre assessment of the outlook. Listen to our QPod episode featuring our Chief Economist, Dr Matthew Peter who wades into the debate: Did markets get ahead of themselves or will the enormous weight of fiscal stimulus conquer COVID?

Dr Peter also shares his perspective on:

- Next week’s Australian labour market data

- The outlook for the unemployment rate as the economy reopens

- The future shape of the JobKeeper program

Disclaimer:

This information is solely for general information purposes. It is not financial product advice or an offer to sell or solicitation of an offer to buy securities or any other investment, investment management or advisory services. In preparing this information, QIC has not taken into account any investor’s objectives, financial situations or needs. QIC does not represent, warrant or guarantee that the integrity of this information has been maintained or that the information is free of errors, virus or interference. You are not permitted to rely on this information, and any reliance on it, or decisions made based on it, are your responsibility. QIC therefore accepts no liability for any reliance on this information.

Copyright QIC Limited, Australia. All rights are reserved. For more information about QIC, our approach, clients and regulatory framework, please refer to our website www.qic.com or contact us directly.

Negative interest rates: We’ve never had them – but what will happen in Australia if they become a reality? Tune in to this morning’s Take Ten to get a short, sharp update on what this will mean and why we are even having this conversation. Another great episode with Craig Balenzuela and Dr Matthew Peter.

Disclaimer:

This information is solely for general information purposes. It is not financial product advice or an offer to sell or solicitation of an offer to buy securities or any other investment, investment management or advisory services. In preparing this information, QIC has not taken into account any investor’s objectives, financial situations or needs. QIC does not represent, warrant or guarantee that the integrity of this information has been maintained or that the information is free of errors, virus or interference. You are not permitted to rely on this information, and any reliance on it, or decisions made based on it, are your responsibility. QIC therefore accepts no liability for any reliance on this information.

Copyright QIC Limited, Australia. All rights are reserved. For more information about QIC, our approach, clients and regulatory framework, please refer to our website www.qic.com or contact us directly.

$1 billion a week. That’s what the Treasury is estimating the Melbourne lockdown is costing the Australian economy. Listen to Dr Matthew Peter, our Chief Economist, in conversation with Craig Balenzuela to get the full story about the economic impact from Victoria’s ‘second wave’. Dr Peter also addresses:

- How the unemployment tidal wave has swept across the hospitality sector into the service sector – and what that is signalling

- The need for more targeted fiscal policies to support the economy in the absence of the Jobkeeper or Jobseeker extension

- Why Australia’s superannuation system should have the policy certainty is needs to fulfil its long-term objectives

Disclaimer:

This information is solely for general information purposes. It is not financial product advice or an offer to sell or solicitation of an offer to buy securities or any other investment, investment management or advisory services. In preparing this information, QIC has not taken into account any investor’s objectives, financial situations or needs. QIC does not represent, warrant or guarantee that the integrity of this information has been maintained or that the information is free of errors, virus or interference. You are not permitted to rely on this information, and any reliance on it, or decisions made based on it, are your responsibility. QIC therefore accepts no liability for any reliance on this information.

Copyright QIC Limited, Australia. All rights are reserved. For more information about QIC, our approach, clients and regulatory framework, please refer to our website www.qic.com or contact us directly.

Take Ten every Friday morning to tune in to QIC’s Chief Economist, Dr Matthew Peter, who breaks down the week’s headlines to provide valuable perspectives into the current Australian and global economies. Today, Dr Peter discusses:

- The new economic normal in a post-COVID world

- The future strength of Australia’s trade sector against rising geopolitical tensions

- The top three things investors should consider in the current climate

Disclaimer:

This information is solely for general information purposes. It is not financial product advice or an offer to sell or solicitation of an offer to buy securities or any other investment, investment management or advisory services. In preparing this information, QIC has not taken into account any investor’s objectives, financial situations or needs. QIC does not represent, warrant or guarantee that the integrity of this information has been maintained or that the information is free of errors, virus or interference. You are not permitted to rely on this information, and any reliance on it, or decisions made based on it, are your responsibility. QIC therefore accepts no liability for any reliance on this information.

Copyright QIC Limited, Australia. All rights are reserved. For more information about QIC, our approach, clients and regulatory framework, please refer to our website www.qic.com or contact us directly.

This week has been a veritable smorgasbord for economists. Yesterday, the Australian Treasurer revealed a A$850 billion debt bomb. The JobMaker and JobSeeker programmes were extended till 2021. The world gave us a AAA sovereign rating. And COVID continues to lockdown Melbourne and Sydney, the engine rooms of our national economy. Tune in this week and listen to our Chief Economist Dr Matthew Peter and Craig Balenzuela ponder why the government should direct its fiscal firepower to infrastructure.

Disclaimer:

This information is solely for general information purposes. It is not financial product advice or an offer to sell or solicitation of an offer to buy securities or any other investment, investment management or advisory services. In preparing this information, QIC has not taken into account any investor’s objectives, financial situations or needs. QIC does not represent, warrant or guarantee that the integrity of this information has been maintained or that the information is free of errors, virus or interference. You are not permitted to rely on this information, and any reliance on it, or decisions made based on it, are your responsibility. QIC therefore accepts no liability for any reliance on this information.

Copyright QIC Limited, Australia. All rights are reserved. For more information about QIC, our approach, clients and regulatory framework, please refer to our website www.qic.com or contact us directly.

Inflation one week, deflation the next. What’s unfolding across our economy during a week where our PM flagged that economic numbers were quickly being outdated by COVID impacts?

This week, Dr Matthew Peter and Craig Balenzuela dissect the Q2 inflation figures, provide context on the deflation situation Australia is currently facing, highlight the opportunities and impacts investors are facing and ways to stimulate our economy.

Disclaimer:

This information is solely for general information purposes. It is not financial product advice or an offer to sell or solicitation of an offer to buy securities or any other investment, investment management or advisory services. In preparing this information, QIC has not taken into account any investor’s objectives, financial situations or needs. QIC does not represent, warrant or guarantee that the integrity of this information has been maintained or that the information is free of errors, virus or interference. You are not permitted to rely on this information, and any reliance on it, or decisions made based on it, are your responsibility. QIC therefore accepts no liability for any reliance on this information.

Copyright QIC Limited, Australia. All rights are reserved. For more information about QIC, our approach, clients and regulatory framework, please refer to our website www.qic.com or contact us directly.

It’s been a week of twists and turns in the Australian economic landscape. $12 billion has been wiped off Australian GDP as COVID’s assault on Victoria continues.

But the RBA is holding the line, not wavering from its official interest rate of 0.25%. Listen to Craig Balenzuela and QIC’s Chief Economist Matthew Peter dissect the latest news and discuss whether the RBA needs to be more aggressive in its monetary response.

Disclaimer:

This information is solely for general information purposes. It is not financial product advice or an offer to sell or solicitation of an offer to buy securities or any other investment, investment management or advisory services. In preparing this information, QIC has not taken into account any investor’s objectives, financial situations or needs. QIC does not represent, warrant or guarantee that the integrity of this information has been maintained or that the information is free of errors, virus or interference. You are not permitted to rely on this information, and any reliance on it, or decisions made based on it, are your responsibility. QIC therefore accepts no liability for any reliance on this information.

Copyright QIC Limited, Australia. All rights are reserved. For more information about QIC, our approach, clients and regulatory framework, please refer to our website www.qic.com or contact us directly.

It’s been called Australia's most expansive budget since WW2. But did the Government miss the opportunity to rebuild the nation in the wake of COVID-19's devastating impacts? Join Katrina King as she discusses with QIC's Chief Economist Dr Matthew Peter the budget deficit, supply-side stimulus opportunities, and the inter-generational impact arising from our high debt levels.

Disclaimer:

This information is solely for general information purposes. It is not financial product advice or an offer to sell or solicitation of an offer to buy securities or any other investment, investment management or advisory services. In preparing this information, QIC has not taken into account any investor’s objectives, financial situations or needs. QIC does not represent, warrant or guarantee that the integrity of this information has been maintained or that the information is free of errors, virus or interference. You are not permitted to rely on this information, and any reliance on it, or decisions made based on it, are your responsibility. QIC therefore accepts no liability for any reliance on this information.

Copyright QIC Limited, Australia. All rights are reserved. For more information about QIC, our approach, clients and regulatory framework, please refer to our website www.qic.com or contact us directly.